My pension monies are split between five different funds, each comprising 20% of the total portfolio. On Tuesday night, I checked how the funds were going and found that I had lost a total of $19,000 since the start of the third quarter. When I logged back on today, I learned that because of the market’s response to the bailout initiative announced by Henry Paulson and Ben Bernanke, my pension had gained $6000 and I’m “only” down $13,000…for the quarter. At this rate, I could be out of the hole in two more days, three tops. But I am suffering from whiplash. Anybody else?
To quote Bette Davis, “Fasten your seatbelts. It’s going to be a bumpy ride.”[Here’s a link to my personal blog.]